A review of sources of variability frequently mentions volume and costs of resources consumed as a source of variability [ 28].
Cost estimates for Hospitals, Primary Care, Home Hospitalisation and Palliative Care will be arrived at by multiplying costs by the quantity of resources consumed by each patient.
Where budgetary information about the activities of Hospitals, Primary Care and Home Hospitalisation is available, a calculation will be made multiplying costs by the quantity of resources consumed by each patient.
These costs capture the annual discounted value of resources consumed per year in excess of what is projected to be used by infants born at term.
Mean patient-specific unit costs were calculated by multiplying physical units of resources consumed with their market values (assumed to be equivalent to opportunity costs).
The number of resources consumed was multiplied by the specific unit cost for each service.
When we have completed the prospective collection of data from participants, practices and hospitals on NHS resources consumed we shall use these data to estimate both the quantity of resources consumed and complement this with the unit cost of each resource.
Because micro-costing uses primary data on the exact number and type of resources consumed by each participant, it is most accurate when it tracks resource consumption as it occurs, thereby enhancing the validity and reliability of cost estimates.
The total value of resources consumed by the CM program across the 14 sites, including the amortized costs of capital items and training, and allocated overhead expenses, was $167,457, or an average of $11,961 per site [Median: $11,268; sd, $3,965].
